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Strategies & Market Trends : Value Investing
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To: robert b furman who wrote (60439)3/2/2018 7:37:41 AM
From: Spekulatius2 Recommendations

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Jurgis Bekepuris

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I think it could be more than that $35/ car. I think an average car has 800kg of steel. At a cost of $800/ton, the would be $640 worth of steel for a car. If the steel makes get the benefit from the tariffs and prices rise by 25%, that would be $160/ car and way more for a truck.

It not going to make or break the car manufacturers but it is going to hurt a bit. The Japanese and Korean car manufacturers will be quite happy, I am guessing, even though they have plants in the US as well. They may be able to shift cost better by purchasing parts rather than raw material.

Trying to save the Aluminum with tariffs when 90% of the Aluminum is imported ought to be one of the most Stupid economic policies ever. The industry (which is driven by cheap power more than anything else) is already dead for all practical purposes and all this tariff is going to do is to raise prices for consumers and manufacturers.
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